Allen Stanford gets beaten up in jail

Disgraced Texas financier R. Allen Stanford was beaten up in jail and needed to be hospitalized over the weekend, according to several media sources.

After being treated for minor injuries, Stanford was returned to the Joe Corley Detention Facility in Conroe, Texas, on Sunday.

Stanford, the founder of Stanford Financial Group, who is facing 21 federal felony charges for an alleged $7 billion Ponzi scheme, is having a rough time behind bars. In early September, he required a heart catheterization after his pulse rose dangerously high.

Stanford has been at the prison since July after he was accused of defrauding thousands of clients and using their money to support a billionaire's lifestyle. He is pending trial.

Douglas A. McIntyre is an editor at 24/7 Wall St.

http://xml.channel.aol.com/xmlpublisher/fetch.v2.xml?option=expand_relative_urls&dataUrlNodes=uiConfig,feedConfig,localizationConfig,entry&id=694307&pid=694306&uts=1254147408
http://www.aolcdn.com/ke/media_gallery/v1/ke_media_gallery_wrapper.swf
Latest Stanford Scandal News
Texas financier R. Allen Stanford was hospitalized over the weekend after a weekend prison brawl. Stanford is awaiting trial on charges related to a $7 billion Ponzi scheme. Click through the gallery for a look convicted high-profile white-collar criminals.
Tom Shaw, Getty Images
AP

Increase your money and finance knowledge from home

What is Inflation?

Why do prices go up?

View Course »

Introduction to Retirement Funds

Target date funds help you maintain a long term portfolio.

View Course »

Add a Comment

*0 / 3000 Character Maximum